Bank of England says UK economy recovering faster than first feared

Rise in consumer spending cheers bank but unemployment will double and GDP drop ‘significantly’ The Bank of England building. Photograph: Ray Tang/REX/Shutterstock The Bank of England has said Britain’s economy is recovering more quickly than initially feared from the coronavirus pandemic … Read More

Russia deploys tanks to Belarus’ border amid unprecedented escalation of tensions

posted in: News, Russia

Russia has deployed additional armed vehicles and soldiers to its border with Belarus amid an unprecedented escalation of tensions between Moscow and neighboring Minsk. On Wednesday, the Ministry of Defense of the Russian Federation has reported that over 3,000 troops … Read More

TikTok: Trump administration plans Chinese tech crackdown

posted in: Far East, News

Reuters US Secretary of State Mike Pompeo has outlined the steps he wants US companies to take to deal with “untrusted Chinese apps”. The measures go far beyond President Donald Trump’s current push to force the sale of TikTok to … Read More

A senior Merkel ally says China is an ‘ever more powerful snake’ that Germany will take the fight to

posted in: Germany, News

German Chancellor Angela Merkel speaks during a news conference after coalition meetings over stimulus measures to reboot post-coronavirus economy, at the Chancellery in Berlin, Germany June 3, 2020. John Macdougall/Pool via REUTERS Germany will take the fight to China as an … Read More

Germany plans to dim lights at night to save insects

posted in: Germany, News

Sundown could mean bright lights must go out in the future for German cities like capital Berlin. Germany is planning to ban floodlights from dusk for much of the year as part of its bid to fight a dramatic decline … Read More

Trump, in ‘Fox & Friends’ interview, warns it could take years to get election results with mass-mailed ballots

President Trump warned that if states like Nevada are allowed to send mail-in ballots to all registered voters, it could take “years” to get the results from November’s election. In a wide-ranging interview with “Fox & Friends,” Trump claimed that the … Read More

Beirut blast: Massive explosion shakes Lebanon’s capital; at least 70 dead, thousands injured

The blast shattered windows and sent thick smoke billowing from the city center. A massive explosion shook Beirut on Tuesday, killing at least 70 people and injuring thousands of others while flattening much of the port, damaging buildings across the capital, and sending … Read More

European economy falls into worst recession on record

posted in: European Union, News

Getty Images The European economy has fallen into its worst recession on record as strict quarantine measures earlier in the year to stop the spread of the coronavirus brought economic activity to an abrupt halt. According to figures released on Friday by … Read More

Every Step the EU Takes Toward Financial Unity Sows New Seeds of Its Potential Collapse

Collage sources: EU Website NEW YORK (IDN) – Samuel Beckett’s “Waiting for Godot” is a play featuring two characters waiting for a character, Godot, who never arrives. As such, it is a useful metaphor for the goings-on of the European … Read More

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